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Issuing Company Irwin Enterprises Johnson Incorporated Smith Metalworks Annual Coupon Rate 6% 12% 9% Each bond has 10 years until maturity and has the same

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Issuing Company Irwin Enterprises Johnson Incorporated Smith Metalworks Annual Coupon Rate 6% 12% 9% Each bond has 10 years until maturity and has the same risk. Their yield to maturity (YTM) is 9%. Interest rates are assumed to remain constant over the next 10 years. Label the curves on the following graph to indicate the path that each bond's price, or value, is expected to follow. BOND VALUES! 200 100 1000 900 800 700 600 YEARS TO MATURITY Based on the preceding information, which of the following statements are true? Check all that apply

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